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A lot of the kids with student debt use the money for vacations, restaurants, starbucks, expensive toys, etc. If you don't believe me, go to a decent restaurant (where open) and observe how many college aged kids there are. The days of the poor student eating ramen noodles are over. (media.patriots.win)
posted ago by cheddar ago by cheddar +51 / -0
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– beachbirdie 1 point ago +1 / -0

This was my observation when my kids were in college. Mine took out small loans and managed it well, rolling leftover funds into subsequent terms. They had a cash reserve after graduation that allowed them to start repaying.

Their friends threw all their extra into parties, clothes, decorations and other waste. I would have been very disappointed in them if they had been my kids.

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